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NEWS ABOUT: liability

States Offer Banks Immunity From Mortgage Lawsuits

In exchange for up to $25B payoff

(Newser) - State prosecutors are offering big banks an expensive Get Out of Lawsuits Free card. Prosecutors have offered a variety of banks caught up in the “robosigning” scandal immunity from some litigation in exchange for a total of $10 billion to $25 billion in penalties, the Financial Times reports. Some... More »

David Vitter Wants to Be BP's Best Friend

And the Louisiana senator still loves offshore drilling, too

(Newser) - Here's an unusual way for a GOP senator facing re-election to court a conservative base he alienated by cavorting with DC prostitutes: Push to limit the liability of a company that just delivered what may be his state's worst-ever man-made disaster. That's what Louisiana's David Vitter is doing: Last week... More »

Spill May Screw the Gulf, but It Won't Kill BP

Oil giant's profits are prodigious enough to pay for cleanup

(Newser) - If you've been up late worrying about BP , rest easy. Whatever the ultimate toll to the Gulf states, and indeed the nation, the still-gushing oil spill isn't likely to kill BP. The British firm may be shelling out $17.5 million per day in clean-up costs, but it averaged $93... More »

AIG Dodges Insurance Claims from Hudson Flight

Insurer accused of using goodwill towards flight crew to dodge paying up

(Newser) - Passengers from US Airways Flight 1549 are having a tough time getting its insurer, AIG, to cough up for claims, the New York Times reports. Aviation liability insurance requires a finding of negligence. But Capt. Chesley Sullenberger and his crew were universally acknowledged to have performed amazingly well in saving... More »

Justices Reject Limits on Drug Lawsuits

Ruling makes pharma responsible for labels

(Newser) - In a strong blow to drugmakers, the Supreme Court ruled today in favor of a Vermont woman who lost her arm after taking an anti-nausea drug made by Wyeth, the Wall Street Journal reports. The court upheld the ruling of a Vermont court that awarded guitarist Diana Levine $6.7... More »

Accountants May Be Liable in Madoff Fraud

Experts say feeder funds obviously skimped on scrutiny

(Newser) - The many accounting firms that missed Bernie Madoff’s massive scam could be in for a world of legal hurt, experts tell the Wall Street Journal. Madoff’s company was audited by a firm that had just one accountant, and one ex-SEC accountant finds it hard to believe that feeder-fund... More »

Reeves Wins Paparazzo Lawsuit

Actor not liable for photographer's injuries

(Newser) - A jury has found Keanu Reeves not liable for a paparazzo’s injuries sustained when the actor allegedly hit him with his car, People reports. Photographer Alison Silva said he injured his wrist after Reeves struck him while leaving a parking space, and the mishap left him unable to work.... More »

Roomie Site Can't Match by Gender, Sex Preference

Court sees violation of fair housing laws

(Newser) - Roommates.com is violating fair-housing laws by asking users their gender, sexual preference, and whether they have children, and using that information to match them,  a US Court of Appeals ruled yesterday. Judges said such questions would be illegal if a real estate agent asked them over the phone... More »

Don't Get More Than Seasick

Cruise ships provide docs, but aren't responsible for them

(Newser) - If you're one of the 10 million or so Americans who take a cruise this year, make sure you understand that “all-inclusive” doesn’t apply to medical care, says ABC News. Cruise ships have doctors on board, but the operator won’t take responsibility for them. Cruise lines, says... More »

Volunteers Must Sign Santa Clause

Even at the North Pole, liability's an issue, US Postal Service says

(Newser) - Volunteers who answer letters to Santa Claus through the US Postal Service will have to sign a waiver, reports USA Today. The Postal Service has operated a Christmas letter-answering campaign for almost a century, with donated gifts and aid often going to needy children. “We were giving out information... More »

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